The introduction of online slot games revolutionised the casino industry forever. They make up the most significant part of gambling, and yes, punters can actually win money on online slots. 

However, there are still sceptical individuals who believe you can not win money from online slots. In this post, we will answer all your questions about winning on online slot machines. 

Can You Really Win Money Playing Online Slots?

Although slot games are notorious for producing random results, creating winning combinations and winning real money when playing them is possible. However, it would be unrealistic for you to expect to win every time you play.

Moreover, although you have no control over what happens when playing online slots due to their random nature, strategically choosing which slot game to play may increase your chances of landing winning combinations. 

Some slot games offer frequent but small wins, while others may have infrequent but significantly larger wins. 

How Likely Is It To Win On Online Slots?

As we’ve mentioned above, what type of slot game you play can have a significant impact on how likely you are to win an online slot. But, first and foremost, the ultimate determinant of whether or not you win when playing an online slot is the Random Number Generator (RNG). 

This software determines the outcome on the reels, and they are entirely random and unpredictable. However, that does not mean winning is impossible. The key is to pick the right slot games based on their Return to Player (RTP), volatility, and whether or not it has special or bonus features.

Return to Player Rate

The RTP rate is an indicator of how much the slot game is likely to return to players over time. The higher the RTP, the better returns, in theory. For example, if you are playing a slot game with an RTP rate of 98%, that means the slot game is likely to average out as paying ￡98 back out to players for every ￡100 it takes in. 

However, this is calculated over hundreds and thousands of spins, so it does not necessarily mean that this is how much you will get and should only be used as a guideline. Slots are random, so the slot may pay out more or less than this.

Volatility

Volatility, on the other hand, also known as variance, gives you an idea as to the theoretical behaviour of your chosen slot game. It indicates how frequently and how much a slot machine pays out.

So, slot games can be classified as high, medium, or low volatility. The higher the volatility, the less frequent wins may land, but they tend to pay out more handsomely. Whereas lower volatility slots may land wins more frequently, but they may be less substantial. Again, this is all theoretical, and you may find results differ as you play.

Special Features and Bonuses

Special features, such as multiple paylines, wild symbols and scatter symbols, and bonus features, can also play a role in how likely you are to create potentially winning combinations. 

For example, the more paylines a slot game has, the more likely you are to create winning combinations. Playing a slot game with wild symbols that can replace other symbols to help you complete potentially winning combinations can add a boost to how likely you are to win when playing a slot game.

However, when all is said and done, the RNG is still the main factor of what happens when playing a slot game.?

Does Anyone Win Big On Online Slots?

Yes, there have been several big winners in slot games. If you are playing a slot game with a jackpot, particularly progressive jackpots, then you could potentially see some impressive wins. There are some slot games created with jackpots that reach millions, and plenty of players have won their fair share on them.

For example, in 2015, a British soldier won ￡13.2 million playing the Mega Moolah online slot game, setting the Guinness World Record at the time for the largest payout ever on an online slot machine.

In 2018, the same slot game brought in €6.7 million (￡5.8 million) to a Swedish player. Though the odds of hitting the jackpot when playing a slot game are estimated at 1 in 45 million, winning is still possible.

Why Can’t I Win On Online Slots?

Due to their unpredictable nature, it is not uncommon for slot game players to feel like they can’t win when playing online slots. But the truth is, winning in slot games is possible. The Random Number Generator (RNG) and the nature of the slot game you play may have an impact on how often and how much you win.

For example, if you play a high-volatility slot game, you may find that wins are few and far between but considerably larger if they do land, while a low-volatility slot game may produce more frequent but lower payouts.

In addition, it is crucial that you manage your bankroll when playing online slot games. You must set a budget for both a profit and a loss. Remember that slot games are random, and you might find yourself quickly losing the money you have won or your bankroll. So it is important to set up a budget and stick to it, and only bet money you are comfortable losing.

Conclusion

Even though slot games can be unpredictable, they can also be fun and offer potentially significant payouts. That said, they should not be considered a way to make money quickly but rather a form of entertainment.

Choosing a suitable slot game based on its RTP rate, volatility and maximum win potential, managing your bankroll effectively, and understanding and accepting that online slots are random is the best way to approach online slots. Remember, winning is never guaranteed, and never chase your losses.

*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to this slot game are subject to change at any time.